Derivatives marketplace, CME Group, has released its January 2019 operation metrics, with steady volumes during the month. During the month, the group has reached the average daily volume (ADV) of 17.8 million contracts, which is 6 per cent lower on a year-on-year basis. The open interest in January 2019 reached 122 million contracts, down by 1 per cent against January 2018, but is 5 per cent higher compared to December 2018 volumes.

The group released the segment volumes report, which is as follows:

The Foreign Exchange volume during January 2019 averaged 883,000 contracts per day, which is 23 per cent lower compared to January 2018 figures. Key highlights during the month are:

Russian Ruble F&O ADV grew 120 per cent to 2,800 contracts and South African Rand F&O ADV rose by 4 per cent to 2,200 contracts during the month.

During the month, the Equity Index volume averaged 3.3 million contracts per day, which is 7 per cent higher on a yearly basis. Some key highlights during the month are:

The Interest Rate volume averaged 9.6 million contracts per day during the January month, which is almost flat or 1 per cent lower compared to January 2018 volume.

The Options volume during the month averaged 4 million contracts per day, which 12 per cent lower compared to January 2018 figures

The Energy volume during the month came in at 2.5 million contracts per day, which is 20 per cent lower compared to January 2018 volume figures.

The Metal volumes during January 2019 came in at 564,000 contracts per day and is down by 26 per cent on a yearly basis.

Moscow Exchange Reports Weak FX Volumes for January 2019

Russia’s largest institutional trading venue, Moscow Exchange (MOEX) has also released its January 2019 figures. The exchange failed to sustain the bullish momentum and was less volatile during the first month of the year 2019.

The total FX market turnover was reported at RUB 23.0 trillion ($350 billion), which is 13 per cent lower on a month-on-month basis from RUB 26.5 trillion ($395 billion) in December 2018.

MOEX’s total FX turnover in January 2019‎ featured spot trades of RUB 5.6 trillion, down by 19 per cent month-on-month from RUB 6.7 trillion in December 2018. The daily average daily turnover during the month was RUB 1.14 trillion ($17.4 billion), a drop of 8 per cent on a monthly basis from RUB 1.26 trillion ($18.8 billion) in December 2018.

The MOEX’s derivative volume during January 2019 was mixed with a reported figure at RUB 5.9 trillion, a decrease of 8 per cent month-on-month from RUB 8.2 trillion in December 2018, but is 9 per cent higher on a yearly basis from RUB 5.4 trillion in January 2018.

Derivatives marketplace, CME Group has revealed its November monthly volumes recording steady gains across the segment. During the month, the exchange has witnessed record Energy futures and options volume and Energy options.

The Foreign Exchange volume averaged 904,000 contracts per day which is down by 1 percent compared to the November 2017 figures. Most of the trading activities are noted in the following currency futures.

AUD F&O ADV increased by 14 per cent to 113,000 contracts

USD F&O ADV increased by 7 per cent to 79,000 contracts

Mexican Peso F&O ADV increased by 27 per cent to 62,000 contracts

Trading volume for other segments within CME:

The Equity Index volume averaged 3.7 million contracts daily in November, marking a growth of 35 per cent year-on-year.

The Interest Rate Volume during the month averaged to 12 million contracts per day, with a growth of 27 per cent year-on-year from November 2017.

The Options volume averaged around 4.3 million contracts per day, up from 23 per cent from November 2017 ].

The Energy volume averaged a record 3.1 million contracts per day in November 2018, up by 16 per cent compared to November 2017 figures.

The Agricultural Volume averaged 1.5 million contracts per day, down by 6 per cent compared to November 2017 figures.

The Metals volume averaged 624,000 contracts per day, down by 17 per cent compared to November 2017 volumes.

Russia’s largest institutional trading venue has failed to continue to strong momentum seen last month in the light of a less volatile market trading environment.

During the month, the forex volume decreased by over 11.2 per cent month-on-month coming in at RUB 26.8 trillion ($401 billion) compared to RUB 30.4 trillion ($460 billion) in October 2018. The ADV during the month was RUB 1.27 trillion ($19 billion), a drop of 5 per cent month on month RUB 1.32 trillion ($20 billion) in October while 1.6 per cent higher year-over-year from RUB 1.29 trillion in November 2017.

The spot trades in the Fx volumes were at RUB 7.1 trillion, up by 8 per cent month-on-month, swap trades and forwards came in at RUB 19.7 trillion, down by 16 per cent compared to (RUB 23.4 trillion) for October 2018.

FxSpotStream, a multibank FX streaming aggregation and a matching service supporting trading in FX Spot, Forwards, Swaps, NDFs and Precious Metals has started the second half of 2018 with record volumes, marking fresh highs in the group’s seven years history.

The strong volumes in June 2018 have been aided by political turbulence in Europe, trade tariffs imposed by the US on global trade which made the market very volatile. During the month, the group has witnessed average daily volume (ADV) of $30.4 billion, recording 8.2 per cent month-on-month jump from $28 billion and on the yearly interval, the growth is over 50 per cent. The total volume during the month was $637.7 billion, slightly lower than the previous month of $645.4 ‎billion, which is due to less no. of trading days i.e 21 days compared to 23 days in May 2018.

The group was founded in 2011, was created as a cost-effective platform offering services on a commission-free model for buy-side firms tapping prices from banks using a multi-dealer aggregating platform. Twelve leading banks provide liquidity that includes Morgan Stanley, Standard Chartered, UBS, Goldman Sachs, HSBC, Credit Suisse, JP Morgan, BNP, Citi. BOA Merill Lynch, Bank of Tokyo and Commerzbank AG.

Moscow Exchange, Russia’s multi-asset trading exchange venue has recorded second continuous month of fall in trading volume in June 2018. The exchange previous month (May 2018) has reported a sizeable decline in the Fx trading volume of $490 billion, and in June 2018, it reported a reading of $447.8 billion, a decline of over 6.3 per cent month on month. On yearly interval also, there is a weakness of over 10 per cent.

The exchange’s total trading volume during the month is recorded at $1.12 trillion, which is 8.5 per cent lower to $1.25 trillion in May 2018 but is 16.8 per cent higher year-over-year. The weakness in trading volumes is not just confined to forex but also across its derivative market volumes.

In Q2, 2018, the group reported an average daily volume of 18.4 million contracts, a fall of 17 per cent, quarter over quarter from 22.2 million contracts per day in Jan-March quarter. But on the yearly timetable, the overall gain was 12 per cent against Q2 of 2017.

The yearly growth was contributed by the strong performance in interest rate futures market which grew at a rate of 12 per cent YoY, Metals volumes up by 27 per cent from Q2, 2017. The strong performance in the first quarter was aided by heightened market volatility in February which extended till March across the segment.

CME, which owns the Chicago Board of Trade, said that daily Fx volumes rose 12 per cent year over year, coming in at 1 million contracts per day in Q2, 2018 but were down 9 per cent quarter-over-quarter from a record 1.1 million contracts per day in first-quarter 2018.

Japanese Fx broking giant, GMO Click started the year 2018 on a bullish note with higher monthly Fx trading volume for January, recovering from diminishing trading volumes in the last few months on 2017. The company reported the spot Fx volumes of January on Monday which totaled ¥82.7 trillion or $752 billion for its over the counter (OTC) or FXNeo product.

The January’s Fx trading volume data represents a 62 percent increase on a month-on-month basis and also the highest since March 2017. For the December month, the company had reported a yearly low trading volume of ¥51.0 trillion or $451.9 billion. The high volatility in the Yen-pair trades and the weak dollar had attracted many traders back to the Japanese market.

In terms of Fx OTC accounts, the retail forex trading FXNeo platform reported a flat change in terms of addition of new accounts with marginal 0.9 percent month-over-month increase to 519,696 from 515,022 accounts.

The Click 365 segment, the trading volume for GMO Click’s exchange-traded product were also higher at 565,927 contracts in January 2018 against 411,508 contracts a month earlier, an increase of 38 percent. Also, Click 365 added 4621 accounts in the January month from 408,986 accounts in December 2017.

By far, GMO is the undisputed leader in the Fx retail trade space with average monthly volume during the year 2017 arrived at $660.32 billion. GMO Click has a highest monthly trading volume set in 2016 at $900 billion.

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